When you have people who depend on you, you need to have a life insurance policy. It’s important to leave something behind for them, and life insurance will accomplish this goal.

When you need life insurance, you can call us at Goshen Group Inc in Glen Carbon, IL.

Insurance for Your Whole Life

When you’re choosing life insurance, there are two main types- whole life and term life. With term life, the policy is only good for a set term, often 20 or 25 years. But with whole life, it works just the way the name indicates. It’s good for your whole life, no matter how long you live. Instead of the policy expiring, it will remain in effect for as long as you pay the premiums. As long as you keep paying, the policy can’t be canceled. Even the insurance company can’t cancel it with the premiums continuing to come in. Many people choose this type of life insurance because they don’t want to be left without life insurance at the end of their lives.  

Building a Cash Value

When you have a whole life insurance policy in effect, it will begin to accrue a cash value after a few years of paying the premiums. When the policy builds this cash value, that is money that you can later borrow against if you should need to. When you have a financial emergency, it can be great to know that you have this money to borrow against the policy to help you out of that situation. This type of policy is popular with many because it offers this kind of financial protection if it is ever needed. 

Get Your Life Insurance Policy

When you need a life insurance policy, we can get you started. Call us at Goshen Group Inc. in Glen Carbon, IL.